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Alina [70]
3 years ago
9

Anew Health Care Company reports net income of $210,000 and Depreciation Expense of $24,000 for the year ending December​ 31, 20

19. No long−term assets were sold or exchanged during 2019. They also have the following data​ available: December​ 31, 2018 Current​ Assets: Cash $30,000 $80,000 Accounts Receivable $160,000 96,000 Inventory $99,000 72,000 Total Current Assets $289,000 $248,000 Current​ Liabilities: Accounts Payable $52,000 $42,000 Salaries Payable 39,000 91,000 Total Current Liabilities $91,000 $133,000 Using the indirect​ method, what is the net cash provided by operating activities for the year ending December​ 31, 2019?
Business
1 answer:
Fiesta28 [93]3 years ago
3 0

Answer:

$344,000

Explanation:

                                                      2018                 2019            Change

                                                 Amount in $    Amount in $  Amount in $

Inventory                                     99,000.00      72,000.00       27,000.00  Total current asset                   289,000.00    248,000.00       41,000.00  Accounts payable                               52,000.00     42,000.00     (10,000.00)

Salaries payable                              39,000.00      91,000.00      52,000.00  

                                                                           Amount in $

Net income                                                             210,000.00  

Add depreciation                                                      24,000.00  

Changes to current assets and liabilities  

Inventory                                                               27,000.00  

Total current asset                                               41,000.00  

Accounts payable                                                        (10,000.00)

Salaries payable                                                       <u> 52,000.00  </u>

Net cash flows from operating activities               <u>344,000.00  </u>

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Answer:

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The bond can be issued at par, at a discount or at a premium depending on the coupon rate and the market interest. The price of the bond which pays semi annual coupon can be calculated using the formula of bond price. The formula to calculate the price of the bond is attached.

First we need to determine the semi annual coupon payment, periods and YTM.

Semi annual coupon payments = 2000000 * 0.1 * 6/12 = 100000

Semi annual periods = 5 * 2 = 10

Semi annual YTM = 0.08 * 6/12 = 0.04

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3 years ago
What are the disadvantages of alloys​
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a. $142,500

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8 0
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New Depreciable Amount = Cost - Accumulated depreciation to date

                                            = $420,000 - $105,000

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